Shares of Sabra Health Care REIT Inc (NASDAQ:SBRA) have earned a consensus recommendation of “Hold” from the thirteen research firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $17.14.
A number of equities research analysts have recently commented on SBRA shares. Zacks Investment Research cut shares of Sabra Health Care REIT from a “hold” rating to a “sell” rating in a report on Tuesday, May 26th. JMP Securities started coverage on shares of Sabra Health Care REIT in a report on Monday, June 8th. They set a “market perform” rating on the stock. Berenberg Bank upgraded shares of Sabra Health Care REIT from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Monday, May 18th. Citigroup increased their price objective on shares of Sabra Health Care REIT from $10.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Finally, Wells Fargo & Co increased their price objective on shares of Sabra Health Care REIT from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Monday, June 22nd.
NASDAQ:SBRA opened at $14.74 on Tuesday. The company’s 50 day moving average price is $14.37 and its 200-day moving average price is $15.39. Sabra Health Care REIT has a 52 week low of $5.55 and a 52 week high of $24.95. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.73. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 15.52 and a beta of 1.35.
Sabra Health Care REIT (NASDAQ:SBRA) last posted its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.27). Sabra Health Care REIT had a net margin of 26.98% and a return on equity of 5.42%. The firm had revenue of $149.35 million for the quarter, compared to analysts’ expectations of $154.28 million. As a group, sell-side analysts anticipate that Sabra Health Care REIT will post 1.64 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the company. Invesco Ltd. raised its position in shares of Sabra Health Care REIT by 308.9% during the 1st quarter. Invesco Ltd. now owns 2,267,523 shares of the real estate investment trust’s stock valued at $24,761,000 after purchasing an additional 1,712,989 shares during the period. Advisor Group Holdings Inc. purchased a new position in Sabra Health Care REIT during the first quarter valued at $1,470,000. State Street Corp grew its stake in Sabra Health Care REIT by 18.6% during the first quarter. State Street Corp now owns 9,404,497 shares of the real estate investment trust’s stock valued at $102,697,000 after acquiring an additional 1,477,687 shares in the last quarter. Legal & General Group Plc grew its stake in Sabra Health Care REIT by 18.0% during the first quarter. Legal & General Group Plc now owns 1,223,642 shares of the real estate investment trust’s stock valued at $13,363,000 after acquiring an additional 187,019 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Sabra Health Care REIT by 41.4% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,293 shares of the real estate investment trust’s stock valued at $527,000 after acquiring an additional 14,128 shares in the last quarter. Hedge funds and other institutional investors own 86.63% of the company’s stock.
About Sabra Health Care REIT
As of December 31, 2018, Sabra's investment portfolio included 470 real estate properties held for investment (consisting of (i) 335 Skilled Nursing/Transitional Care facilities, (ii) 90 Senior Housing communities (Senior Housing – Leased), (iii) 23 Senior Housing communities operated by third-party property managers pursuant to property management agreements (Senior Housing – Managed) and (iv) 22 Specialty Hospitals and Other facilities), one investment in a direct financing lease, 22 investments in loans receivable (consisting of (i) one mortgage loan, (ii) two construction loans, (iii) one mezzanine loan and (iv) 18 other loans), nine preferred equity investments and one investment in an unconsolidated joint venture that owns 172 Senior Housing – Managed communities.
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